“Residential solar has already proven its ability to cross the chasm into the early majority in various regions of the world,” said Tom Kerber, director of (Internet of Things) IoT strategy, Parks Associates. “The primary motivation for installing residential PV systems is to save money on energy bills, a purchase driver that resonates with all technology adoption segments.”

According to the report, the IoT is helping to drive solar adoption. The more closely tied to other energy-management systems like the Nest thermostat and others, the more likely homeowners are to see the benefit to adding a rooftop solar array to the mix.

“For the solar energy industry to continue to grow, it needs to move beyond the roof and provide complete home energy solutions,” said Ilén Zazueta-Hall, Director of Product Management for Energy Management at Enphase Energy. “This means that all elements of the home energy ecosystem have to work together safely, reliably, and seamlessly, both for homeowners and utilities.”

Parks Associates will unveil the entire report at the Smart Energy Summit: Engaging the Consumer, taking place Feb. 20-22, 2017, at the Four Seasons Hotel in Austin, Texas. The event, which includes more than 300 smart-energy executives, focuses on the convergence of smart energy and IoT with the smart home.

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Frank Andorka

Frank Andorka has been writing professionally for nearly 29 years and spent nearly 20 years in trade publications. He was the founding editor of Solar Power World and has covered all aspects of the solar industry from policy to panels and everything in between.

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